form of business


1.sole proprietorship;they are the most common form of business where the owner provides the capital,takes the decision and assume all the risks of the business.


2.the partnership;
it is the form business where there is association  between two or more persons with the view of making profit.The condition that specify the right,do things and priviledges and contained in the partnership agreement.


3.limited liability company
it is an artificial being,invisible,intangible and existing only contemplation of law.it has a right to acquire ,own,sell property,sue and be sued.

LAW AND ORGANIZATION GUIDING THE MAIN CONDUCT OF BUSINESS IN NIGERIA
The company and allied matter at 1990[originally 1968 amended 2004]The administration of the company and allied matter act is undertaking by the co-orporate affairs commission.

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